Barings Participation Investors(MPV)Earnings, Financials & Key Ratios
MPV•NYSE•Banking & Credit
14.1× P/E·Price updated Jun 19, 2026
AboutBarings Participation Investors is a closed ended fixed income mutual fund launched and managed by Barings LLC. The fund invests in the fixed income markets of the United States. It primarily invests in below-investment grade, long-term corporate debt obligations which are directly purchased from its issuers. The fund also seeks to invest in warrants, conversion rights, or other equity related instruments. It benchmarks the performance of its portfolio against Standard and Poor's Industrials Composite, Russell 2000 Index, Lehman Brothers U.S. High Yield Index, and Lehman Brothers Intermediate U.S. Credit Index. The fund was formerly known as Babson Capital Participation Investors. Barings Participation Investors was formed on April 7, 1988 and is domiciled in the United States.Show more
- Net Interest Income$16M-7.4%
- Total Revenue$17M-15.8%
- Net Income$13M-23.3%
- Return on Equity8.04%-23.4%
- Net Interest Margin7.62%-12.8%
- Efficiency Ratio-1.75%-132.0%
- ROA6.54%-26.7%
- Equity / Assets78.63%-6.6%
- Book Value per Share15.23-1.5%
MPV Key Insights
Barings Participation Investors (MPV) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong NIM of 7.6%
- ✓Efficient operations: -1.7% efficiency ratio
- ✓Well capitalized: 78.6% equity/assets
- ✓Trading at only 1.1x book value
✗Weaknesses
- ✗Weak Piotroski F-Score: 2/9
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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MPV Price & Volume
Barings Participation Investors (MPV) stock price & volume — 10-year historical chart
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MPV Growth Metrics
Barings Participation Investors (MPV) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years3.21%
5 Years5.31%
3 Years6.75%
TTM-
Profit CAGR
10 Years4.45%
5 Years15.81%
3 Years23.86%
TTM21.52%
EPS CAGR
10 Years4.01%
5 Years15.44%
3 Years23.06%
TTM20.27%
Return on Capital
10 Years7.96%
5 Years7.83%
3 Years8.97%
Last Year7.6%
MPV Recent Earnings
Barings Participation Investors (MPV) EPS & revenue vs analyst estimates — last 4 quarters
Q4 2025Latest
Dec 31, 2025Metric
Actual
Est
EPS
$0.65
—
Rev
$8M
—
Q2 2025
May 16, 2025Metric
Actual
Est
EPS
$0.84
—
Rev
$11M
—
Q3 2024
Jun 30, 2024Metric
Actual
Est
EPS
$0.39
—
Rev
$5M
—
Q2 2024
May 16, 2024Metric
Actual
Est
EPS
$0.39
—
Rev
$5M
—
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q4 2025Latest | Dec 31, 2025 | $0.65 | $8M |
| Q2 2025 | May 16, 2025 | $0.84 | $11M |
| Q3 2024 | Jun 30, 2024 | $0.39 | $5M |
| Q2 2024 | May 16, 2024 | $0.39 | $5M |
Based on last 12 quarters of dataView full earnings history →
MPV Peer Comparison
Barings Participation Investors (MPV) competitors in Closed-end funds and investment trusts — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 ECC | 483.88M | 3.66 | -3.49 | 0.12% | -74.05% | -11.73% | 0.37 | |
 MCI | 362.26M | 17.70 | 10.11 | 5.1% | 77.86% | 9.22% | 0.13 | |
 BCSF | 802.42M | 12.37 | 8.14 | 12.36% | 37.42% | 6.57% | 1.32 | |
 PFLT | 742.15M | 7.48 | 10.39 | 2.2% | 34.83% | 5.84% | 1.65 | |
 TPVG | 202.99M | 5.00 | 4.10 | 36.55% | -19.55% | -3.39% | 1.33 | |
 CSWC | 1.43B | 22.98 | 12.09 | 50.13% | 50.89% | 11.68% | 1.12 | |
 SLRC | 677.57M | 12.42 | 7.31 | 24.76% | 39.78% | 7.31% | 1.15 | |
 BX | 96.99B | 123.78 | 31.90 | 21.58% | 21.83% | 14.35% | 0.61 |
Compare MPV vs Peers
Barings Participation Investors (MPV) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
MPV Income Statement
Barings Participation Investors (MPV) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Net Interest Income | 11.84M | 12.59M | 12.32M | 12.17M | 11M | 12.76M | 18.59M | 17.14M | 15.87M |
NII Growth % | - | 6.28% | -2.14% | -1.18% | -9.62% | 16.01% | 45.68% | -7.83% | -7.42% |
Net Interest Margin % | 7.12% | 7.93% | 7.47% | 7.46% | 5.88% | 6.86% | 9.76% | 8.73% | 7.62% |
Interest Income | 12.46M | 13.2M | 12.93M | 12.79M | 11.62M | 13.78M | 19.84M | 18.66M | 17.66M |
Interest Expense | 613.5K | 613.5K | 613.5K | 613.5K | 622.86K | 1.01M | 1.25M | 1.52M | 1.8M |
Loan Loss Provision | 1.04M | 1.06M | 1.08M | 1.03M | 1.22M | 862.72K | 922.08K | 0 | 224.44K |
Non-Interest Income | 7.5M | -8.6M | 5.66M | 412.82K | 14.82M | 278.81K | 275.26K | 1.64M | -566.36K |
Non-Interest Income % | 37.6% | -186.64% | 30.44% | 3.13% | 56.05% | 1.98% | 1.37% | 8.09% | -3.31% |
Total Revenue | 19.96M▲ 0% | 4.61M▼ 76.9% | 18.59M▲ 303.7% | 13.2M▼ 29.0% | 26.45M▲ 100.4% | 14.05M▼ 46.9% | 20.12M▲ 43.1% | 20.3M▲ 0.9% | 17.1M▼ 15.8% |
Revenue Growth % | 55.78% | -76.93% | 303.69% | -29% | 100.38% | -46.86% | 43.12% | 0.94% | -15.8% |
Non-Interest Expense | 823.76K | 965.61K | 780.77K | 1.95M | 2.24M | 2.36M | 1.07M | 1.11M | -298.91K |
Efficiency Ratio | 4.13% | 20.97% | 4.2% | 14.81% | 8.47% | 16.77% | 5.32% | 5.46% | -1.75% |
Operating Income | 19.75M▲ 0% | 4.25M▼ 78.5% | 17.81M▲ 318.8% | 11.24M▼ 36.9% | 10.06M▼ 10.5% | 11.7M▲ 16.3% | 17.56M▲ 50.1% | 18.45M▲ 5.0% | 15.38M▼ 16.7% |
Operating Margin % | 98.95% | 92.35% | 95.8% | 85.19% | 38.03% | 83.23% | 87.32% | 90.86% | 89.93% |
Operating Income Growth % | 80.58% | -78.47% | 318.76% | -36.87% | -10.54% | 16.3% | 50.15% | 5.04% | -16.66% |
Pretax Income | 19.14M▲ 0% | 3.64M▼ 81.0% | 17.81M▲ 389.3% | 6.35M▼ 64.4% | 25.63M▲ 303.7% | 7.34M▼ 71.4% | 18.56M▲ 152.9% | 17.67M▼ 4.8% | 13.58M▼ 23.2% |
Pretax Margin % | 95.87% | 79.03% | 95.8% | 48.1% | 96.91% | 52.21% | 92.27% | 87.03% | 79.43% |
Income Tax | 21.99M | 0 | 0 | 0 | 247.15K | 377.85K | 441.37K | 425.2K | 350.9K |
Effective Tax Rate % | 114.88% | 0% | 0% | 0% | 0.96% | 5.15% | 2.38% | 2.41% | 2.58% |
Net Income | 19.14M▲ 0% | 3.64M▼ 81.0% | 17.81M▲ 389.3% | 6.35M▼ 64.4% | 25.38M▲ 299.8% | 6.96M▼ 72.6% | 18.12M▲ 160.3% | 17.25M▼ 4.8% | 13.23M▼ 23.3% |
Net Margin % | 95.87% | 79.03% | 95.8% | 48.1% | 95.98% | 49.53% | 90.08% | 84.94% | 77.37% |
Net Income Growth % | 64.37% | -80.98% | 389.34% | -64.35% | 299.81% | -72.58% | 160.31% | -4.81% | -23.31% |
Net Income (Continuing) | 19.14M | 3.64M | 17.81M | 6.35M | 25.38M | 6.96M | 18.12M | 17.25M | 13.23M |
EPS (Diluted) | 1.84▲ 0% | 0.35▼ 81.0% | 1.69▲ 382.9% | 0.60▼ 64.5% | 2.39▲ 298.3% | 0.66▼ 72.4% | 1.71▲ 159.1% | 1.62▼ 5.3% | 1.23▼ 24.1% |
EPS Growth % | 64.29% | -80.98% | 382.86% | -64.5% | 298.33% | -72.38% | 159.09% | -5.26% | -24.07% |
EPS (Basic) | 1.84 | 0.35 | 1.69 | 0.60 | 2.39 | 0.66 | 1.71 | 1.62 | 1.23 |
Diluted Shares Outstanding | 10.4M | 10.4M | 10.54M | 10.6M | 10.6M | 10.6M | 10.6M | 10.68M | 10.75M |
MPV Balance Sheet
Barings Participation Investors (MPV) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash & Short Term Investments | 5.77M | 0 | 0 | 17.64M | 11.62M | 4.88M | 6.49M | 7M | 13.79M |
Cash & Due from Banks | 5.77M | 16.44M | 13.12M | 12.64M | 11.62M | 4.88M | 6.49M | 7M | 13.79M |
Short Term Investments | 0 | 0 | 0 | 5M | 0 | 0 | 0 | 0 | 0 |
Total Investments | 36.3M | 141.18M | 150.63M | 148.48M | 173.1M | 178.35M | 1.51M | 8.71M | 191.2M |
Investments Growth % | -1.18% | 288.91% | 6.69% | -1.43% | 16.58% | 3.03% | -99.15% | 475.22% | 2095.8% |
Long-Term Investments | 36.3M | 141.18M | 150.63M | 148.48M | 173.1M | 178.35M | 1.51M | 8.71M | 191.2M |
Accounts Receivables | 1.29M | 1.18M | 1.08M | 1.12M | 1.96M | 2.63M | 3.19M | 5.11M | 0 |
Goodwill & Intangibles | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
PP&E (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Assets | 123.02M | -141.18M | -150.63M | -148.48M | 300.15K | 262.93K | 179.29M | 175.4M | 446.82K |
Total Current Assets | 7.07M | 0 | 0 | 0 | 13.58M | 7.51M | 9.67M | 12.11M | 16.69M |
Total Non-Current Assets | 159.33M | 0 | 0 | 0 | 173.4M | 178.61M | 180.8M | 184.1M | 191.65M |
Total Assets | 166.39M▲ 0% | 158.8M▼ 4.6% | 164.83M▲ 3.8% | 163.21M▼ 1.0% | 186.98M▲ 14.6% | 186.12M▼ 0.5% | 190.48M▲ 2.3% | 196.21M▲ 3.0% | 208.34M▲ 6.2% |
Asset Growth % | 6.78% | -4.56% | 3.79% | -0.98% | 14.56% | -0.46% | 2.34% | 3.01% | 6.18% |
Return on Assets (ROA) | 11.88% | 2.24% | 11.01% | 3.87% | 14.5% | 3.73% | 9.62% | 8.92% | 6.54% |
Accounts Payable | 0 | 3.81M | 2.89M | 3.58M | 3.06M | 2.59M | 3.94M | 6.61M | 0 |
Total Debt | 15M | 0 | 0 | 15M | 21M | 23.5M | 21.57M | 23.36M | 37.33M |
Net Debt | 9.23M | -16.44M | -13.12M | -12.64M | 9.38M | 18.62M | 15.09M | 16.36M | 23.54M |
Long-Term Debt | 15M | 0 | 0 | 15M | 21M | 23.5M | 21.57M | 23.36M | 37.33M |
Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Liabilities | 769.71K | 0 | 0 | 0 | 1.84M | 1.1M | 1.6M | 1.12M | 7.17M |
Total Current Liabilities | 5.14M | 0 | 0 | 4.03M | 3.06M | 2.59M | 3.94M | 6.61M | 0 |
Total Non-Current Liabilities | 15.77M | 0 | 0 | 15M | 22.84M | 24.6M | 23.17M | 24.48M | 44.52M |
Total Liabilities | 20.91M | 20.06M | 18.74M | 19.03M | 25.9M | 27.2M | 27.11M | 31.09M | 44.52M |
Total Equity | 145.48M▲ 0% | 138.75M▼ 4.6% | 146.08M▲ 5.3% | 144.18M▼ 1.3% | 161.08M▲ 11.7% | 158.92M▼ 1.3% | 163.37M▲ 2.8% | 165.12M▲ 1.1% | 163.82M▼ 0.8% |
Equity Growth % | 6.5% | -4.63% | 5.29% | -1.3% | 11.72% | -1.34% | 2.8% | 1.07% | -0.79% |
Equity / Assets (Capital Ratio) | 87.43% | 87.37% | 88.63% | 88.34% | 86.15% | 85.39% | 85.77% | 84.15% | 78.63% |
Return on Equity (ROE) | 13.57% | 2.56% | 12.51% | 4.37% | 16.63% | 4.35% | 11.24% | 10.5% | 8.04% |
Book Value per Share | 13.99 | 13.34 | 13.86 | 13.60 | 15.19 | 14.99 | 15.41 | 15.46 | 15.23 |
Tangible BV per Share | 13.99 | 13.34 | 13.86 | 13.60 | 15.19 | 14.99 | 15.41 | 15.46 | 15.23 |
Common Stock | 104.58K | 105.27K | 105.87K | 106.02K | 106.02K | 106.02K | 106.02K | 106.8K | 107.56K |
Additional Paid-in Capital | 94.49M | 141.46M | 142.02M | 142.11M | 145.01M | 144.61M | 144.17M | 144.48M | 145.51M |
Retained Earnings | 50.89M | -2.81M | 3.95M | 1.96M | 15.96M | 14.21M | 19.09M | 20.54M | 18.2M |
Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
MPV Cash Flow Statement
Barings Participation Investors (MPV) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 11.82M | 21.02M | 7.15M | 8.51M | 1.51M | -553.81K | 15.86M | 12.91M | 10.68M |
Operating CF Growth % | 49.86% | 77.81% | -66% | 19.11% | -82.21% | -136.58% | 2964.36% | -18.61% | -17.31% |
Net Income | 19.14M | 3.64M | 17.81M | 6.35M | 25.38M | 6.96M | 18.12M | 17.25M | 13.23M |
Depreciation & Amortization | 0 | 0 | 0 | 0 | 0 | 0 | -25.77K | -74.77K | 0 |
Deferred Taxes | 354.7K | -769.71K | 0 | 0 | 224.32K | 159.05K | 0 | 0 | 0 |
Other Non-Cash Items | -9.6M | 18.12M | -9.45M | 2.15M | -24.85M | -5.41M | -1.52M | -3.34M | -2.31M |
Working Capital Changes | 2.28M | -743.98K | -1.22M | 11.91K | 751.2K | -2.27M | -713.2K | -917K | -245.34K |
Cash from Investing | -9.6M | 18.12M | -9.45M | 2.15M | -24.62M | -5.25M | -1.44M | -3.83M | -2.1M |
Purchase of Investments | -9.6M | 0 | -9.45M | 0 | -24.62M | -5.25M | -1.44M | -3.83M | -60.38M |
Sale/Maturity of Investments | 0 | 18.12M | 9.45M | 2.15M | 24.62M | 0 | 0 | 0 | 58.28M |
Net Investment Activity | -9.6M | 18.12M | 0 | 2.15M | 0 | -5.25M | -1.44M | -3.83M | -2.1M |
Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Investing | 0 | 0 | -9.45M | 0 | -24.62M | 0 | 4 | -193 | 0 |
Cash from Financing | -10.24M | -10.35M | -10.46M | -8.99M | -2.54M | -6.18M | -14.26M | -12.4M | -1.78M |
Dividends Paid | -11.25M | -11.32M | -11.39M | -9.22M | -8.48M | -8.69M | -12.51M | -15.42M | -16.92M |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Stock Issued | 1M | 971.51K | 933.68K | 227.53K | 0 | 0 | 0 | 1.23M | 1.35M |
Net Stock Activity | 1M | 971.51K | 933.68K | 227.53K | 0 | 0 | 0 | 1.23M | 1.35M |
Debt Issuance (Net) | 0 | 0 | 0 | 0 | 1000K | 1000K | -1000K | 1000K | 1000K |
Other Financing | 1M | 971.51K | 933.68K | 0 | -54.27K | 10.84K | 0 | 35K | -212.82K |
Net Change in Cash | 1.57M▲ 0% | 10.66M▲ 577.4% | -3.32M▼ 131.1% | -481.34K▲ 85.5% | -1.02M▼ 112.3% | -6.74M▼ 559.4% | 1.6M▲ 123.8% | 513.24K▼ 68.0% | 6.79M▲ 1222.7% |
Exchange Rate Effect | 0 | 0 | 9.45M | -2.15M | 24.62M | -463 | 176 | -545 | 296 |
Cash at Beginning | 4.2M | 5.77M | 16.44M | 13.12M | 12.64M | 11.62M | 4.88M | 6.49M | 7M |
Cash at End | 5.77M | 16.44M | 13.12M | 12.64M | 11.62M | 4.88M | 6.49M | 7M | 13.79M |
Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Income Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Free Cash Flow | 11.82M▲ 0% | 21.02M▲ 77.8% | 7.15M▼ 66.0% | 8.51M▲ 19.1% | 1.51M▼ 82.2% | -553.81K▼ 136.6% | 15.86M▲ 2964.4% | 12.91M▼ 18.6% | 10.68M▼ 17.3% |
FCF Growth % | 49.86% | 77.81% | -66% | 19.11% | -82.21% | -136.58% | 2964.36% | -18.61% | -17.31% |
MPV Banking Ratios
Barings Participation Investors (MPV) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | 8.56% | 13.57% | 2.56% | 12.51% | 4.37% | 16.63% | 4.35% | 11.24% | 10.5% | 8.04% |
Return on Assets (ROA) | 7.5% | 11.88% | 2.24% | 11.01% | 3.87% | 14.5% | 3.73% | 9.62% | 8.92% | 6.54% |
Net Interest Margin | 0% | 7.12% | 7.93% | 7.47% | 7.46% | 5.88% | 6.86% | 9.76% | 8.73% | 7.62% |
Efficiency Ratio | 4.35% | 4.13% | 20.97% | 4.2% | 14.81% | 8.47% | 16.77% | 5.32% | 5.46% | -1.75% |
Equity / Assets | 87.67% | 87.43% | 87.37% | 88.63% | 88.34% | 86.15% | 85.39% | 85.77% | 84.15% | 78.63% |
Book Value / Share | 13.15 | 13.99 | 13.34 | 13.86 | 13.6 | 15.19 | 14.99 | 15.41 | 15.46 | 15.23 |
NII Growth | - | - | 6.28% | -2.14% | -1.18% | -9.62% | 16.01% | 45.68% | -7.83% | -7.42% |
Dividend Payout | 96% | 58.77% | 311.12% | 63.98% | 145.21% | 33.41% | 124.89% | 69.04% | 89.38% | - |
Related:MPV Dividend History·MPV Revenue History·MPV Price History·MPV P/E History·MPV Financial Ratios·MPV Institutional Holders
MPV Frequently Asked Questions
Barings Participation Investors (MPV) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Barings Participation Investors (MPV) saw revenue decline by 15.8% over the past year.
Yes, Barings Participation Investors (MPV) is profitable, generating $30.5M in net income for fiscal year 2025 (77.4% net margin).
Dividend & Returns
Yes, Barings Participation Investors (MPV) pays a dividend with a yield of 9.07%. This makes it attractive for income-focused investors.
Barings Participation Investors (MPV) has a return on equity (ROE) of 8.0%. This is below average, suggesting room for improvement.
Industry Metrics
Barings Participation Investors (MPV) has a net interest margin (NIM) of 7.6%. This indicates healthy earnings from lending activities.
Barings Participation Investors (MPV) has an efficiency ratio of -1.7%. This is excellent, indicating strong cost control.